Reverse floaters are floating rate bonds that pay a higher rate of interest when other interest rates fall and a lower rate when other rates rise.

Name: Reverse floaters are floating rate bonds that pay a higher rate of interest when other interest rates fall and a lower rate when other rates rise.
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Reverse floaters have an inverse relationship with other interest rates, paying a higher rate of interest when other interest rates fall and a lower rate when other rates rise.

Reverse Floaters Are Floating Rate Bonds That Pay a Higher